Upcoming Dividend • May 26
Upcoming dividend of HK$0.12 per share Eligible shareholders must have bought the stock before 02 June 2026. Payment date: 02 July 2026. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Hong Kong dividend payers (6.9%). Lower than average of industry peers (5.7%). Reported Earnings • Apr 28
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: HK$0.64 (up from HK$0.55 in FY 2024). Revenue: HK$27.5b (down 9.0% from FY 2024). Net income: HK$3.93b (up 16% from FY 2024). Profit margin: 14% (up from 11% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) exceeded analyst estimates by 9.3%. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Commercial Services industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Price Target Changed • Mar 24
Price target increased by 7.6% to HK$6.20 Up from HK$5.76, the current price target is an average from 7 analysts. New target price is 14% above last closing price of HK$5.46. Stock is up 56% over the past year. The company is forecast to post earnings per share of HK$0.70 for next year compared to HK$0.64 last year. Declared Dividend • Mar 23
Final dividend of HK$0.12 announced Shareholders will receive a dividend of HK$0.12. Ex-date: 2nd June 2026 Payment date: 2nd July 2026 Dividend yield will be 5.2%, which is lower than the industry average of 7.4%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 6.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 21
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: HK$0.64 (up from HK$0.55 in FY 2024). Revenue: HK$27.5b (down 9.0% from FY 2024). Net income: HK$3.93b (up 16% from FY 2024). Profit margin: 14% (up from 11% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) exceeded analyst estimates by 9.3%. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Commercial Services industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Mar 20
China Everbright Environment Group Limited, Annual General Meeting, May 27, 2026 China Everbright Environment Group Limited, Annual General Meeting, May 27, 2026. Buy Or Sell Opportunity • Jan 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.6% to HK$4.80. The fair value is estimated to be HK$6.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 2.2% in 2 years. Earnings are forecast to grow by 34% in the next 2 years. Announcement • Jan 16
China Everbright Environment Group Limited to Report Fiscal Year 2025 Results on Mar 20, 2026 China Everbright Environment Group Limited announced that they will report fiscal year 2025 results on Mar 20, 2026 Buy Or Sell Opportunity • Dec 16
Now 21% undervalued Over the last 90 days, the stock has risen 2.1% to HK$4.97. The fair value is estimated to be HK$6.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 2.5% in 2 years. Earnings are forecast to grow by 36% in the next 2 years. Price Target Changed • Dec 11
Price target increased by 7.6% to HK$5.54 Up from HK$5.15, the current price target is an average from 6 analysts. New target price is 11% above last closing price of HK$5.00. Stock is up 34% over the past year. The company is forecast to post earnings per share of HK$0.62 for next year compared to HK$0.55 last year. Buy Or Sell Opportunity • Dec 01
Now 21% undervalued Over the last 90 days, the stock has risen 15% to HK$4.95. The fair value is estimated to be HK$6.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 2.8% in 2 years. Earnings are forecast to grow by 36% in the next 2 years. Buy Or Sell Opportunity • Nov 13
Now 21% undervalued Over the last 90 days, the stock has risen 19% to HK$4.99. The fair value is estimated to be HK$6.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 2.8% in 2 years. Earnings are forecast to grow by 36% in the next 2 years. Buy Or Sell Opportunity • Sep 22
Now 21% undervalued Over the last 90 days, the stock has risen 12% to HK$4.47. The fair value is estimated to be HK$5.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 2.8% in 2 years. Earnings are forecast to grow by 36% in the next 2 years. Upcoming Dividend • Sep 15
Upcoming dividend of HK$0.15 per share Eligible shareholders must have bought the stock before 22 September 2025. Payment date: 20 October 2025. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Hong Kong dividend payers (6.6%). Lower than average of industry peers (6.1%). Price Target Changed • Aug 28
Price target increased by 12% to HK$4.93 Up from HK$4.41, the current price target is an average from 9 analysts. New target price is 12% above last closing price of HK$4.40. Stock is up 25% over the past year. The company is forecast to post earnings per share of HK$0.62 for next year compared to HK$0.55 last year. Declared Dividend • Aug 25
First half dividend increased to HK$0.15 Dividend of HK$0.15 is 7.1% higher than last year. Ex-date: 22nd September 2025 Payment date: 20th October 2025 Dividend yield will be 5.3%, which is lower than the industry average of 7.4%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 8.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 24
First half 2025 earnings released: EPS: HK$0.36 (vs HK$0.40 in 1H 2024) First half 2025 results: EPS: HK$0.36 (down from HK$0.40 in 1H 2024). Revenue: HK$14.3b (down 8.4% from 1H 2024). Net income: HK$2.21b (down 10% from 1H 2024). Profit margin: 15% (in line with 1H 2024). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Commercial Services industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Jul 18
China Everbright Environment Group Limited to Report First Half, 2025 Results on Aug 22, 2025 China Everbright Environment Group Limited announced that they will report first half, 2025 results on Aug 22, 2025 Announcement • May 29
China Everbright Environment Group Limited Approves Final Dividend for the Year Ended 31 December 2024 China Everbright Environment Group Limited at its Annual General Meeting Held on 29 May 2025, approved to declare a final dividend of HK 9.0 cents per share for the year ended 31 December 2024. Upcoming Dividend • May 27
Upcoming dividend of HK$0.09 per share Eligible shareholders must have bought the stock before 03 June 2025. Payment date: 02 July 2025. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 6.0%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (7.5%). Reported Earnings • Apr 27
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: HK$0.55 (down from HK$0.72 in FY 2023). Revenue: HK$30.3b (down 5.7% from FY 2023). Net income: HK$3.38b (down 24% from FY 2023). Profit margin: 11% (down from 14% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.5%. Revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Commercial Services industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Declared Dividend • Mar 27
Final dividend increased to HK$0.09 Dividend of HK$0.09 is 13% higher than last year. Ex-date: 3rd June 2025 Payment date: 2nd July 2025 Dividend yield will be 6.5%, which is lower than the industry average of 7.4%. Sustainability & Growth Dividend is covered by both earnings (42% earnings payout ratio) and cash flows (69% cash payout ratio). The dividend has increased by an average of 8.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 26
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: HK$0.55 (down from HK$0.72 in FY 2023). Revenue: HK$30.3b (down 5.7% from FY 2023). Net income: HK$3.38b (down 24% from FY 2023). Profit margin: 11% (down from 14% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.5%. Revenue is forecast to stay flat during the next 3 years compared to a 5.7% growth forecast for the Commercial Services industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Jan 17
China Everbright Environment Group Limited to Report Fiscal Year 2024 Results on Mar 25, 2025 China Everbright Environment Group Limited announced that they will report fiscal year 2024 results on Mar 25, 2025 Board Change • Jan 08
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Edwina Li was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 27
China Everbright Environment Group Limited Announces Board and Board Committee Changes The board (the "Board") of directors (the "Director(s)") of China Everbright Environment Group Limited announced that, due to the age-related reason, Mr. Huang Haiqing ("Mr. Huang") resigned as the executive director (the "Executive Director") and Chairman of the Board (the "Chairman of the Board"), the chairman of the nomination committee (the "Nomination Committee"), a member of the remuneration committee (the "Remuneration Committee") and the authorised representative (the "Authorised Representative") of the Company under Rule 3.05 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"), with effect from 27 September 2024. Mr. Huang has been the Executive Director and Chairman of the Board since June 2022, he has demonstrated dedication and diligence in serving the Group during his tenure. The Board would like to take this opportunity to express its sincere gratitude to Mr. Huang for his valuable contributions to the Group. With effect from 27 September 2024, after considering the recommendation of the Nomination Committee, the Board appointed Mr. Wang Silian ("Mr. Wang") as the Executive Director and Chairman of the Board, the chairman of the Nomination Committee and a member of the Remuneration Committee. At the same time, the Board also appointed Mr. Wang as the Authorised Representative. Mr. Wang was also appointed in place of Mr. Huang as the non-executive director and chairman of the board of directors, and chairman of the nomination committee of China Everbright Greentech Limited, a subsidiary of the Company which is listed on the Main Board of the Stock Exchange. Mr. Wang, aged 51, prior to joining the Group, Mr. Wang was the vice chairman and president of China CYTS Tours Holding Co. Ltd. (the shares of which are listed on the Shanghai Stock Exchange ("SSE")) and the chairman of Bravolinks Integrated Marketing Co. Ltd. (the shares of which are listed on the National Equities Exchange and Quotations), both of which are connected persons of the Company. He was also the deputy general manager of the Human Resources Department of China Everbright Bank Company Limited (the shares of which are listed on the Stock Exchange and SSE), a subsidiary of China Everbright Group Ltd., which is an indirect controlling shareholder of the Company. Mr. Wang holds a master degree in military science from the Dalian Naval Academy of the People's Liberation Army Navy. Upcoming Dividend • Sep 16
Upcoming dividend of HK$0.14 per share Eligible shareholders must have bought the stock before 23 September 2024. Payment date: 18 October 2024. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 6.5%. Lower than top quartile of Hong Kong dividend payers (8.7%). Higher than average of industry peers (5.8%). Reported Earnings • Aug 28
First half 2024 earnings released: EPS: HK$0.40 (vs HK$0.45 in 1H 2023) First half 2024 results: EPS: HK$0.40 (down from HK$0.45 in 1H 2023). Revenue: HK$15.6b (down 4.2% from 1H 2023). Net income: HK$2.45b (down 12% from 1H 2023). Profit margin: 16% (down from 17% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 6.1% growth forecast for the Commercial Services industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Aug 26
China Everbright Environment Group Limited Announces Interim Dividend for the Six Months Ended June 30, 2024, Payable on October 18, 2024 China Everbright Environment Group Limited announced interim dividend of HKD 0.14 per share for the six months ended June 30, 2024. Ex-dividend date is September 23, 2024; Record date is September 27, 2024; Payment date is October 18, 2024. Announcement • Jul 22
China Everbright Environment Group Limited to Report First Half, 2024 Results on Aug 26, 2024 China Everbright Environment Group Limited announced that they will report first half, 2024 results on Aug 26, 2024 Buy Or Sell Opportunity • Jul 16
Now 23% undervalued Over the last 90 days, the stock has risen 15% to HK$3.52. The fair value is estimated to be HK$4.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has declined by 16%. For the next 3 years, revenue is forecast to decline by 0.3% per annum. Earnings are forecast to grow by 1.7% per annum over the same time period. Price Target Changed • Jun 26
Price target increased by 10% to HK$4.18 Up from HK$3.79, the current price target is an average from 8 analysts. New target price is 7.3% above last closing price of HK$3.89. Stock is up 26% over the past year. The company is forecast to post earnings per share of HK$0.74 for next year compared to HK$0.72 last year. Buy Or Sell Opportunity • Jun 17
Now 21% undervalued Over the last 90 days, the stock has risen 18% to HK$3.60. The fair value is estimated to be HK$4.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has declined by 16%. For the next 3 years, revenue is forecast to grow by 0.03% per annum. Earnings are also forecast to grow by 2.7% per annum over the same time period. Announcement • May 31
China Everbright Environment Group Limited Approves Final Dividend for the Year Ended 31 December 2023 China Everbright Environment Group Limited at its AGM held on May 30, 2024 approved final dividend of HKD 8.0 cents per share for the year ended 31 December 2023. Announcement • Mar 28
China Everbright Environment Group Limited, Annual General Meeting, May 30, 2024 China Everbright Environment Group Limited, Annual General Meeting, May 30, 2024. Reported Earnings • Mar 28
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: HK$0.72 (down from HK$0.75 in FY 2022). Revenue: HK$32.1b (down 14% from FY 2022). Net income: HK$4.43b (down 3.8% from FY 2022). Profit margin: 14% (up from 12% in FY 2022). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.3%. Revenue is forecast to stay flat during the next 3 years compared to a 7.3% growth forecast for the Commercial Services industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 17% per year. Buy Or Sell Opportunity • Feb 16
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 1.9% to HK$2.73. The fair value is estimated to be HK$2.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.8% over the last 3 years. Earnings per share has declined by 9.3%. Revenue is forecast to grow by 2.7% in 2 years. Earnings are forecast to grow by 8.5% in the next 2 years. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$2.78, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Commercial Services industry in Hong Kong. Total loss to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$4.62 per share. Announcement • Jan 19
China Everbright Environment Group Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 China Everbright Environment Group Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 Upcoming Dividend • Sep 18
Upcoming dividend of HK$0.14 per share at 8.1% yield Eligible shareholders must have bought the stock before 25 September 2023. Payment date: 20 October 2023. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 8.1%. Within top quartile of Hong Kong dividend payers (7.9%). Higher than average of industry peers (6.9%). Reported Earnings • Aug 30
First half 2023 earnings released: EPS: HK$0.45 (vs HK$0.46 in 1H 2022) First half 2023 results: EPS: HK$0.45 (down from HK$0.46 in 1H 2022). Revenue: HK$16.3b (down 24% from 1H 2022). Net income: HK$2.78b (flat on 1H 2022). Profit margin: 17% (up from 13% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Commercial Services industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Announcement • Aug 30
China Everbright Environment Group Limited Announces Interim Dividend for the Six Months Ended 30 June 2023, Payable On, October 20, 2023 China Everbright Environment Group Limited announced interim dividend for the six months ended June 30, 2023. For the period, the company announced ordinary Interim (Semi-annual) dividend is HKD 0.14 per share. Ex-dividend date is September 25, 2023. Record date is September 29, 2023. The dividend will be payable on October 20, 2023. Announcement • May 25
China Everbright Environment Group Limited Approves Final Dividend for the Year Ended 31 December 2022 China Everbright Environment Group Limited announced that Annual General Meeting held on 24 May 2023, declare a final dividend of HK9.0 cents per share for the year ended 31 December 2022. Upcoming Dividend • May 23
Upcoming dividend of HK$0.09 per share at 5.6% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 5.6%. Lower than top quartile of Hong Kong dividend payers (7.6%). In line with average of industry peers (5.9%). Reported Earnings • Mar 31
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: HK$0.75 (down from HK$1.11 in FY 2021). Revenue: HK$37.3b (down 25% from FY 2021). Net income: HK$4.60b (down 32% from FY 2021). Profit margin: 12% (down from 14% in FY 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Commercial Services industry in Hong Kong. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Price Target Changed • Mar 27
Price target decreased by 7.5% to HK$4.47 Down from HK$4.84, the current price target is an average from 11 analysts. New target price is 33% above last closing price of HK$3.37. Stock is down 28% over the past year. The company is forecast to post earnings per share of HK$0.87 for next year compared to HK$1.11 last year. Price Target Changed • Mar 08
Price target decreased by 7.3% to HK$4.62 Down from HK$4.99, the current price target is an average from 11 analysts. New target price is 31% above last closing price of HK$3.52. Stock is down 36% over the past year. The company is forecast to post earnings per share of HK$0.93 for next year compared to HK$1.11 last year. Buying Opportunity • Mar 08
Now 21% undervalued Over the last 90 days, the stock is up 1.2%. The fair value is estimated to be HK$4.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 9.2%. Revenue is forecast to grow by 1.0% in 2 years. Earnings is forecast to grow by 14% in the next 2 years. Announcement • Jan 20
China Everbright Environment Group Limited to Report Fiscal Year 2022 Results on Mar 30, 2023 China Everbright Environment Group Limited announced that they will report fiscal year 2022 results on Mar 30, 2023 Price Target Changed • Jan 11
Price target decreased to HK$5.15 Down from HK$5.58, the current price target is an average from 12 analysts. New target price is 46% above last closing price of HK$3.53. Stock is down 42% over the past year. The company is forecast to post earnings per share of HK$1.04 for next year compared to HK$1.11 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Edwina Li was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 18% share price gain to HK$3.07, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 5x in the Commercial Services industry in Hong Kong. Total loss to shareholders of 38% over the past three years. 
